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Investors>Why invest in the Volkswagen Group?

Key Figures

Interactive Key Figure Comparison

Q1 2026 Key Figures Volkswagen Group

75.7
billion EUR sales revenue
in Q1 2026, 2% below Q1 2025 (77.6 billion EUR)
2.5
billion EUR Operating Result
in Q1 2026, 14.3% below Q1 2025 (2.9 billion EUR); operating return on sales of 3.3% (3.7%)
2.0
million vehicle sales
in Q1 2026, 7% below Q1 2025 (2.1 million)



Q1

2026

2025

%

Volume Data1 in thousands


Deliveries to customers (units)

2,049

2,134

-4.0

Vehicle sales (units)

1,954

2,100

-6.9

Production (units)

2,157

2,194

-1.7

Employees (on Mar. 31, 2026 / Dec. 31, 2025)

657.4

662.9

-0.8




Financial Data (IFRS), € million


Sales revenue

75,657

77,558

-2.5

Operating result

2,463

2,873

-14.3

Operating return on sales (%)

3.3

3.7

Earnings before tax

2,235

3,109

-28.4

Return on sales before tax (%)

3.0

4.0

Earnings after tax

1,564

2,186

-28.4




Automotive Division


Cash flows from operating activities

6,662

4,696

+41.9

Cash flows from investing activities attributable to operating activities2

4,669

5,524

-15.5

Net cash flow

1,993

-828

Net liquidity at March 31

34,237

33,180

3.2

Investment ratio

11.3

11.2




1) The figures also include the equity-accounted Chinese joint ventures. Prior-year deliveries have been updated to reflect subsequent statistical trends. 

2) Excluding acquisition and disposal of equity investments: Q1 EUR -4,823 (-4,834) million.

Key figures by brand group and business field from January 1 to March 31



Vehicle sales

Sales revenue

Operating result

Operating margin

Thousand vehicles/
€ million

2026

2025

2026

2025

2026

2025

2026

2025









Core brand group

1,227

1,224

34,874

35,340

1,541

1,118

4.4

3.2

Progressive brand group

260

277

14,178

15,431

588

537

4.2

3.5

Sport Luxury brand group1

59

65

7,381

7,819

517

678

7.0

8.7

CARIAD

–

–

389

237

-420

-755

–

–

Battery

–

–

12

2

-230

-213

–

–

Brand group Trucks

69

73

9,780

10,326

40

640

0.4

6.2

Equity-accounted companies in China2

494

610

–

–

–

–

–

–

Volkswagen Group Mobility

–

–

15,831

14,866

868

948

5.5

6.4

Other3

-155

-149

-6,788

-6,464

-441

-81

-

-

Volkswagen Group

1,954

2,100

75,657

77,558

2,463

2,873

3.3

3.7

1) Including Porsche Financial Services: sales revenue EUR 8,400 (8,858) million, operating result EUR 595 (762) million.

2) The sales revenue and operating result of the equity-accounted companies in China are not included in the consolidated figures; the share of the operating result generated by these companies amounted to EUR 83 (272) million.

3) In the operating result, mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of purchase price allocation, as well as companies not allocated to the brands.

Five-Year Review


2025202420231202222021






Volume Data (thousands)




Vehicle sales (units)9.0229.0379.3628.4818.576
Germany1.2201.1951.1781.005973
Abroad7.8027.8428.1847.4767.603
Production (units)8.8668.9549.3098.7178.283
Germany1.7891.6861.9141.6481.483
Abroad7.0777.2677.3957.0696.800
Employees (yearly average)667683676669668
Germany287295293289294
Abroad381388383380373






Financial Data (in € million)




Income Statement




Sales revenue321.913324.656322.284279.050250.200
Cost of sales−270.671−265.184−261.299−226.866−202.959
Gross profit51.24359.47260.98552.18447.241
Distribution expenses−22.804−22.320−21.345−19.840−19.228
Administrative expenses−12.541−12.754−12.729−11.655−10.420
Net other operating result−7.029−5.338−4.3821.4211.682
Operating result8.86819.06022.52822.10919.275
Financial result439−2.255570−40851
Earnings before tax9.30716.80623.09922.07020.126
Income tax expense−2.403−4.411−5.237−6.217−4.698
Earnings after tax6.90412.39417.86115.85215.428






Personnel expenses49.08049.78649.75547.00243.677






Balance Sheet (at December 31)




Non-current assets396.602387.674361.005339.853328.261
Current assets247.865245.231239.644224.159200.347
Total assets644.467632.905600.649564.013528.609






Equity203.054196.731189.186178.328146.154
of which: noncontrolling interests14.77714.43714.21812.9521.705
Non-current liabilities214.887219.134205.427202.961218.062
Current liabilities226.525217.039206.036182.723164.393
Total equity and liabilities644.467632.905600.649564.013528.609






Cash flows from operating activities15.00917.15119.35628.49638.633
Cash flows from investing activities attributable to
operating activities		25.06028.85328.03125.45424.181
Cash flows from financing activities11.91811.14016.0084.225−7.754

1) The year 2023 was adjusted.

2) The year 2022 was adjusted.

The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO₂ emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO₂ emissions for new passenger cars can be found in the "Guide to fuel economy, CO₂ emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.